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Chandigarh Housing Board to auction 159 properties
While Chandigarh Housing Board will offer 113 commercial and 27 residential properties on leasehold basis, 19 residential units will be on freehold basis
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The Chandigarh Housing Board (CHB) is set to put another 159 commercial and residential properties on auction.
While 113 commercial and 27 residential properties will be offered on leasehold basis, 19 residential units will be on freehold basis.
After reducing the reserve price of its leasehold properties by up to 20%, the CHB had invited e-bids for the sale of 191 vacant units (132 commercial and 31 residential) besides 28 freehold residential units in September this year.
During the auction held on October 19, the CHB sold 19 commercial and four residential units on leasehold basis and nine residential units on freehold basis to the highest bidders. It had earned ₹16.29 crore against the total reserve price of ₹14.54 crore.
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